ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Taylor Swift Among 265 Newcomers on Forbes' Billionaires List for 2024

According to the publication, Swift didn't have to rely on "lucrative side hustles" to secure the 2,545 rank in the Billionaire's list.
PUBLISHED APR 3, 2024
Cover Image Source: Taylor Swift | Getty Images | Photo by Buda Mendes
Cover Image Source: Taylor Swift | Getty Images | Photo by Buda Mendes

With Taylor Swift captivating the audience through 2023, it comes as no surprise that she has now made it to Forbes’ annual ranking of the world’s richest people. In 2023, the 12-time Grammy Awards winner reportedly made more than $780 million on the U.S. leg of the Eras Tour, according to Forbes.

Taylor Swift attends the 2019 MTV Video Music Awards | Getty Images | Photo by Jamie McCarthy
Image Source: Taylor Swift attends the 2019 MTV Video Music Awards | Getty Images | Photo by Jamie McCarthy

"It’s been an amazing year for the world’s richest people, with more billionaires around the world than ever before," Chase Peterson-Withorn, Forbes’ wealth editor told The Guardian. "A record-breaking 14 percent of billionaires have 12-figure fortunes. Even during times of financial uncertainty for many, the super-rich continue to thrive."

According to the publication, Swift didn't have to rely on "lucrative side hustles" to secure the 2,545 rank in the Billionaires' list. She is perhaps one of the very few who reached this success solely by songwriting and performing.

Taylor Swift | Getty Images |  Lionel Hahn
Image Source: Taylor Swift | Getty Images | Photo by Lionel Hahn

Furthermore, Swift's concert film became the highest-grossing concert film in North America, bringing an estimated $95 million to $97 million in ticket sales during the opening weekend in the U.S. and Canada, as per Axios.

The class of billionaires for 2024 was 255% richer than a decade ago, meaning only 0.5% of the world's 2,781 billionaires hold 14% of all billionaire wealth. This year, the Forbes list featured 265 newcomers, with Swift being one of them.

The "Blank Space" singer reached the milestone after the success of her tour which fetched her more than $1.1 billion. According to Ticketmaster, the popstar sold over 2 million tickets for her Eras Tour in 2022, setting a record for the most tickets sold by any artist in a single day.

Taylor Swift | Getty Images |  Mike Coppola
Image Source: Taylor Swift | Getty Images | Photo by Mike Coppola

"It is utterly unconscionable that at a time when masses of the world’s population are living in dire poverty, a few individuals are allowed to amass staggering wealth," Daisy Pearson, of the campaign group Global Justice Now, said.

"This is only possible through exploitation, and their monopolization of wealth and resources further allows them to amass huge power and influence over decisions that affect our everyday lives. Enough is enough – we should be regulating these barons out of existence."



 

The 2022 World Inequality Report brought to light a stark reality: the top 10 percent of the global population currently commands 52 percent of all income, leaving a mere 8.5 percent for the poorest half. 

"The billionaire list is essentially an annual calculation of how much of the wealth created by the global economy is captured by a tiny caste of oligarchs rather than being used to benefit humanity as a whole. It should be the most urgent mission of the coming decades to spread this wealth more evenly, proportionately, and efficiently," said Luke Hildyard, the executive director of the High Pay Centre.

The latest iteration of this list showcases Bernard Arnault as the wealthiest individual globally, with a net worth of $230 billion as the primary owner of the Luxury goods conglomerate LVMH. Following closely is Elon Musk, the Founder and CEO of SpaceX, with a net worth of $195 billion.

MORE ON MARKET REALIST
The guests were astonished to find out how valuable their father's memorabilia was.
9 hours ago
Gibbons was shocked to see the suit that he had lost on an airplane decades ago.
10 hours ago
Many who didn't like Seacrest at first seemed to have come around through the season.
2 days ago
The guest couldn't believe her ears when she heard that her old gift from a friend was worth $10,000.
2 days ago
The presentation from the founders of "Bear Minimum" managed to move multiple Sharks.
2 days ago
While the expert on the BBC show did his duty of sharing an appraisal, the guest did not budge.
2 days ago
Fans couldn't believe how quickly the contestant solved the Bonus Round puzzle.
3 days ago
The entrepreneur was called a clever negotiator by all sharks although most of them dropped out.
3 days ago
The guest was in tears after learning that her family's prized possession was worth over $100,000.
3 days ago
The guest got incredibly lucky to find a Benny Andrews painting while looking at junk.
3 days ago
The guest was shocked to learn that someone would pay $20,000 for Queen Victoria's undergarments.
4 days ago
The guest's family heirloom turned out to be exactly as valuable as he thought.
4 days ago
The guest who assumed it was an ancient Chinese artifact said it felt like 'a stab to the heart'
4 days ago
While all the sharks burned calories, most were unwilling to burn their money.
5 days ago
In an interview with CNET's Patrick Colin, Harrison showed off his vintage tech items.
5 days ago
The item, which didn't seem too useful as a cup, turned out to be a significant piece of history.
5 days ago
The player had everyone on the edge of their seats as time was running out.
6 days ago
The member complained that the store had half-eaten boxes of food on the shelves for customers.
6 days ago
The owner of Michael Jordan's three rookie cards from 1986 to 1987, who got them for $12, was hoping to get $1,000 for the set.
6 days ago
The ring with a rare Kashmir Sapphire turned out to be worth a lot more than the guest anticipated.
6 days ago